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Apr 21, 2013
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is --ever, the economy due to deficit and debt. the federal deficit is at more than $1 trillion. the national debt is that more and $16 trillion. the senior director of the bipartisan policy desk says that the debt has been acutely living so much that the economy is on hiring. >> our debt is the percentage of gdp. in the last 30 or 40 years has in less than 40%. it is only in recent years that we have seen a client. the fact is, we are in dangerous territory. that thesullivan says policymakers are arguing and debating but missing the main shellshocked u.s. economy. >> joshua gordon says that the deficit is continuing to expand because of job loss, creating less revenue and more spending on aid programs. >> you have a large deficit for four years because you have low revenues and people don't have paid or they're getting less. but also we have this mandatory spending program, which grow on autopilot. food stamps programs, medicaid, based on a limited economy is bad. >> the entire financial crisis is unclear. >> i think that the underlying issues of the financial crisis have not be
is --ever, the economy due to deficit and debt. the federal deficit is at more than $1 trillion. the national debt is that more and $16 trillion. the senior director of the bipartisan policy desk says that the debt has been acutely living so much that the economy is on hiring. >> our debt is the percentage of gdp. in the last 30 or 40 years has in less than 40%. it is only in recent years that we have seen a client. the fact is, we are in dangerous territory. that thesullivan says...
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Apr 22, 2013
04/13
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the federal deficit is at more than $1 trillion. the resulting national debt is at more than $16 trillion. stephen bell, a senior director of the bipartisan policy desk says that the debt has been accumulating so much that the economy is at a high risk. >> our debt is the percentage of gdp. in the last 30 or 40 years, it >> our debt is the percentage of g inr yearst has en less than 40%. itly in recent years that we have seen it climb. the fact is we are entering dangerous territory. >> deborah solomon of the "bloomberg view" says that the policymakers are arguing and debating over causes but missing the main culprit -- a shellshocked u.s. economy. >> joshua gordon says that the deficit is continuing to expand because of job loss, causing less revenue and more spending on aid programs. >> you have a large deficit for four years because you have low revenues and people don't have jobs, or they're getting paid less. but also we have this mandatory spending program, which grow on autopilot. unemployment compensation, food stamps progra
the federal deficit is at more than $1 trillion. the resulting national debt is at more than $16 trillion. stephen bell, a senior director of the bipartisan policy desk says that the debt has been accumulating so much that the economy is at a high risk. >> our debt is the percentage of gdp. in the last 30 or 40 years, it >> our debt is the percentage of g inr yearst has en less than 40%. itly in recent years that we have seen it climb. the fact is we are entering dangerous...
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Apr 17, 2013
04/13
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we had no capacity to deal with it other than by we were in deficit and had a bigger deficit. we have to slowly work our way out. the budget gets us to a solid stable place. >> what is the highest rate you think can be charged to small business? >> i'm sorry. >> we're 39% now. the highest in the nation. that -- i can tell you that doesn't help small business. what is the highest rate you and the president think they can charge small business before they collapse and break? >> obviously businesses choose whether to organize on the corporate side or individual side. we we have not proposed any increase beyond the current 39.6 on the individual side. the better we do -- i heard you talk about. what is his deal. >> it was not a simple as this. it was difficult negotiation we were negotiating with republicans to refuse to put taxes on the table. >> forget it. let me pose this. i'm a small business owner and i can tell you your not helping small business. the burden that the administration is putting on small business unbelievable. i would suggest you look at texas or nod see what l
we had no capacity to deal with it other than by we were in deficit and had a bigger deficit. we have to slowly work our way out. the budget gets us to a solid stable place. >> what is the highest rate you think can be charged to small business? >> i'm sorry. >> we're 39% now. the highest in the nation. that -- i can tell you that doesn't help small business. what is the highest rate you and the president think they can charge small business before they collapse and break?...
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Apr 22, 2013
04/13
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spanish deficit was up to 10.6% of gdp. stephane joins us now live from madrid. >> there is no surprise. 10.6% of gdp. there's a reason behind it. it's the cost of bailing out the spanish banking sector. eurostadt did not give the details about the calculation, but without the cost of bailing out the banking sector, the deficit was 6.9% of gdp, which is higher than the 3% target set by the government, but of course that would be much lower than the 10%, for instance, deficit that we've seen in greece last year as a result, of course, the spanish debt is rising. it's now 84.2% of the spanish gdp. that's a sharp increase if you compare to the level before the prices in spain. and there's a paradox in that announcement. yes, we've seen some positive reaction on the bond market. the other part is that it will actually help the government to ask for more time to reduce its public deficit below 3% of ggdp. the new target will be 2016, two years later than expected, and that will give the government a bit of precome, a bit of marg
spanish deficit was up to 10.6% of gdp. stephane joins us now live from madrid. >> there is no surprise. 10.6% of gdp. there's a reason behind it. it's the cost of bailing out the spanish banking sector. eurostadt did not give the details about the calculation, but without the cost of bailing out the banking sector, the deficit was 6.9% of gdp, which is higher than the 3% target set by the government, but of course that would be much lower than the 10%, for instance, deficit that we've...
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Apr 22, 2013
04/13
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the federal deficit is at more than $1 trillion. the resulting national debt is at more than $16 trillion. stephen bell, a senior director of the bipartisan policy desk says that the debt has been accumulating so much that the economy is at a high risk. >> our debt is the percentage of gdp. in the last 30 or 40 years, it has been less than 40%. it is only in recent years that we have seen it climb. the fact is we are entering dangerous territory. >> deborah solomon of the "bloomberg view" says that the policymakers are arguing and debating over causes but missing the main culprit -- a shellshocked u.s. economy. >> joshua gordon says that the deficit is continuing to expand because of job loss, causing less revenue and more spending on aid programs. >> you have a large deficit for four years because you have low revenues and people don't have jobs, or they're getting paid less. but also we have this mandatory spending program, which grow on autopilot. unemployment compensation, food stamps programs, medicaid-- they spend more when th
the federal deficit is at more than $1 trillion. the resulting national debt is at more than $16 trillion. stephen bell, a senior director of the bipartisan policy desk says that the debt has been accumulating so much that the economy is at a high risk. >> our debt is the percentage of gdp. in the last 30 or 40 years, it has been less than 40%. it is only in recent years that we have seen it climb. the fact is we are entering dangerous territory. >> deborah solomon of the...
SFGTV: San Francisco Government Television
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Apr 23, 2013
04/13
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doesn't mean we don't have a deficit. we still have a deficit in the budget. this year coming $123 million, and the second year in the budget covering 2014/15 has $256 million deficit. we are not out of woods. but these numbers are better than $500 million and $700 million budget deficits that we used to have a few years ago. our city is doing better. we are concerned about how to fulfill that deficit. but we are also concerned about what is happening to seniors, what is happening to youth. what is happening to families. our open space. our small businesses. our environment. we are all concerned about that as well. of course i must say about our housing authority as well. so we are taking on a lot of responsibility and because we are and because we are very busy doing the work we are. sometimes we need your input to steer us in the right direction for what things you think are important. so we are open to that. and we want to hear from you tonight. enough speeches. let's get on with it. may i have a couple words from supervisor avalos and farrell. >> thank you
doesn't mean we don't have a deficit. we still have a deficit in the budget. this year coming $123 million, and the second year in the budget covering 2014/15 has $256 million deficit. we are not out of woods. but these numbers are better than $500 million and $700 million budget deficits that we used to have a few years ago. our city is doing better. we are concerned about how to fulfill that deficit. but we are also concerned about what is happening to seniors, what is happening to youth....
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Apr 20, 2013
04/13
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have been deficits for four years. but sometimes you need some, you get it, other times, in germany, to end with one poll that is quite interesting. you may know, you may have known that of course there's a lot of concern in public opinion, is it not the wrong decision to care for the european monetary, if you look at -- be have the highest polls we ever had, and shoo we stay in the euro or not. 70%, which is high, said, yes, we have to stay. we have to solve the problem. and it's a good basic. thank you very much. >> thank you very much. [applause] >> let me just start the questions by asking you, we have seen major initiatives in both the united states and europe to regulate banks. is more coordination needed between the two of us and if so, how would you recommend that we could achieve that. >> obviously more coordinate needed, but we try to find solutions in europe. we know that u.s. has in some way gone ahead, but we will work -- we discuss -- it's not most problematic issue actually, to have common understanding
have been deficits for four years. but sometimes you need some, you get it, other times, in germany, to end with one poll that is quite interesting. you may know, you may have known that of course there's a lot of concern in public opinion, is it not the wrong decision to care for the european monetary, if you look at -- be have the highest polls we ever had, and shoo we stay in the euro or not. 70%, which is high, said, yes, we have to stay. we have to solve the problem. and it's a good basic....
SFGTV: San Francisco Government Television
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Apr 16, 2013
04/13
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this represents about 10 percent of the impact of a deficit factor for our budget. the total amount is high, but the am that it absorbs from the impact of the cuts is actually quite small. over time, if and when the state is able to reduce that deficit factor and replace it with the local control funding formula, in one way, shape or form, to approach more adequate levels of funding for schools or more appropriate levels of funding for schools, we would hope we can reduce the amount of overall spending program that is spent in this way, but as yo all know, we're not at that point yet. so if we were to eliminate this amount from the spending plan, then the consequence of that would be that we need to significantly reduce our baseline funding to the schools or find other cuts. right now it's hanging steady at about 7.5 million dollars, more or less and over time we do hope to be reduce that. sorry, i gave you a really long winded answer. >> is that the end of your questions? okay. miss lee. >> i was on it last year and i know how much work that goes into being part of
this represents about 10 percent of the impact of a deficit factor for our budget. the total amount is high, but the am that it absorbs from the impact of the cuts is actually quite small. over time, if and when the state is able to reduce that deficit factor and replace it with the local control funding formula, in one way, shape or form, to approach more adequate levels of funding for schools or more appropriate levels of funding for schools, we would hope we can reduce the amount of overall...
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Apr 16, 2013
04/13
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we have a massive deficit. >> well, we had a 6% of gdp deficit in 2006. it's now 3% of gdp. and if some of the economists' projections are correct, we go into surplus by 2020. that's what the market thinks. it could go wrong and i wouldn't sell all my gold at this point. but the way the market is going, we are likely to have a trade surplus or at least a deminimus deficit and that means our international credit is going to be terrific and there is no dollar crash. >> peter schiff, let me just ask you. look, there has been an awful lot of pessimism and i've been a credit of ben bernanke. and it's interesting to me and i want to get your reaction. the big inflation never came. the total collapse of the dollar never came. in fact, the dollar, against broad trade-weighted indexes is about what it was four or five years ago. gone up and down, hasn't really moved. this pumping of the money supply, most of the banks didn't use the reserves. and the inflation rate, heck, today, i think the year on year cpi, 1.3%. in other words, a lot of the doom and gloom collapsed the dollar, coll
we have a massive deficit. >> well, we had a 6% of gdp deficit in 2006. it's now 3% of gdp. and if some of the economists' projections are correct, we go into surplus by 2020. that's what the market thinks. it could go wrong and i wouldn't sell all my gold at this point. but the way the market is going, we are likely to have a trade surplus or at least a deminimus deficit and that means our international credit is going to be terrific and there is no dollar crash. >> peter schiff,...
SFGTV2: San Francisco Government Television
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Apr 16, 2013
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million people and we have only created five and-a-half million total job and that leaves us with a deficit of three or so million jobs and we are cranking out more in terms of goods and services but we are doing it with 3 million fewer people in the workforce and is to some extent that is why it may not feel like a new cycle or why if you try to tell somebody we are no longer in recovery but in a new cycle expansion they want throw a pie in your face because it doesn't feel like that to them. so where are we headed from here this is gdp the way that you are used to seeing it and the in the fourth quarter for when which we have data up here the government contracted at a one .0 analyzed rate. and didn't tdon't worry that we are slipping down into contraction that is the best looking contract actual growth that you will see it's slower government spentings and is a slower pace of inventory building and when you look at real drivers of economic growth we are doing a lot better than whereas quarter would indicate and if you look at the forecast here we are looking for two% gdp growth in the ne
million people and we have only created five and-a-half million total job and that leaves us with a deficit of three or so million jobs and we are cranking out more in terms of goods and services but we are doing it with 3 million fewer people in the workforce and is to some extent that is why it may not feel like a new cycle or why if you try to tell somebody we are no longer in recovery but in a new cycle expansion they want throw a pie in your face because it doesn't feel like that to them....
SFGTV2: San Francisco Government Television
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Apr 23, 2013
04/13
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million people and we have only created five and-a-half million total job and that leaves us with a deficit of three or so million jobs and we are cranking out more in terms of goods and services but we are doing it with 3 million fewer people in the workforce and is to some extent that is why it may not feel like a new cycle or why if you try to tell somebody we are no longer in recovery but in a new cycle expansion than
million people and we have only created five and-a-half million total job and that leaves us with a deficit of three or so million jobs and we are cranking out more in terms of goods and services but we are doing it with 3 million fewer people in the workforce and is to some extent that is why it may not feel like a new cycle or why if you try to tell somebody we are no longer in recovery but in a new cycle expansion than
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we're talking about the real kinds of deficits that we see a deficit in jobs a deficit in real health care a deficit in our educational system those are the kinds of things the money would be used for what about the people who say. once you put that tax on the business model the water becomes viable high frequency computer trading goes away you'll make some money on the tax those are going to three hundred fifty billion bucks it's going to be maybe thirty it will never go away it's been very lucrative for them and it continues to be and if you look in europe if you look at other countries that have a financial center they have not gone away and they've had a version of it for some time now they just voted recently to to do the robin hood tax but they have some similar things like value added taxes and it hasn't hurt them in any and it didn't hurt our country years ago so i don't think you're ever going to completely stop that but but the speculation that we've seen in the last several years that's really really hurt our country that does need to be curbed or it's driving up the price
we're talking about the real kinds of deficits that we see a deficit in jobs a deficit in real health care a deficit in our educational system those are the kinds of things the money would be used for what about the people who say. once you put that tax on the business model the water becomes viable high frequency computer trading goes away you'll make some money on the tax those are going to three hundred fifty billion bucks it's going to be maybe thirty it will never go away it's been very...
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Apr 20, 2013
04/13
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now, some people can't understand what the trade deficit is, some will, but the trade deficit is the difference between what america exports and what we import so what it really means to say that we're $500 billion out of balance for the rest of the world is that we're consuming more than we produce to the tune of $500 billion a year. the reason that's true is the only place you can get goods to consume is you either make them yourself or import them from someplace else. this is another way in which the united states is living beyond its means. now, those remarks were to try to get you interested. people don't usually pay money to hear me speak. i assume you are all at least somewhat interested. if you look at free trade, once you understand there's an issue here with the trade situation, if any of you got a wallet on you, pull out a ten dollar bill. the guy on the ten dollar bill etary of the treasury, ca the intellectual architect of american capitalism, one of the founding father, and an envowed protectionist as was abraham lincoln, as was virtually every president prior to world
now, some people can't understand what the trade deficit is, some will, but the trade deficit is the difference between what america exports and what we import so what it really means to say that we're $500 billion out of balance for the rest of the world is that we're consuming more than we produce to the tune of $500 billion a year. the reason that's true is the only place you can get goods to consume is you either make them yourself or import them from someplace else. this is another way in...
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we're talking about the real kinds of deficits that we see a deficit in jobs a deficit in real health care a deficit in our educational system those are the kinds of things that money would be used for what about the people who say. once you put the tax on the business model the water becomes viable high for goods or computer trading goes away you'll make some money on the tax but it's not going to three hundred fifty billion bucks it's going to be maybe thirty it will never go away it's been very lucrative for them and it continues to be and if you look in europe if you look at other countries that have a financial center they have not gone away and they've had a version of it for some time now they just voted recently to to do the robin hood tax but they have some similar things like value added taxes and it hasn't hurt them in any and it didn't hurt our country years ago so i don't think you're ever going to completely stop that but what the speculation that we've seen in the last several years that's really really hurt our country that does need to be curbed or it's driving up the
we're talking about the real kinds of deficits that we see a deficit in jobs a deficit in real health care a deficit in our educational system those are the kinds of things that money would be used for what about the people who say. once you put the tax on the business model the water becomes viable high for goods or computer trading goes away you'll make some money on the tax but it's not going to three hundred fifty billion bucks it's going to be maybe thirty it will never go away it's been...
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Apr 24, 2013
04/13
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to make as to how we deal with the deficit. i think that when we lose $100 billion every single year because corporations stash their money in the cayman islands and in other tax havens, maybe we might want to ask them to start paying their fair share of taxes rather than cutting social security. but we have colleagues who are much more interested in the well-being and the profits of large corporations than they are in the needs of seniors. so those are some of my answers. mr. harkin: a couple of thoughts, i just say to my friend from vermont. those who say it is unconstitutional to do those things, i wonder if they ever read the preamble to the constitution, which is, by the way, a part of the constitution of the united states. we the people of the united states in order to form a more perfect union, establish justice, ensure domestic tranquillity, provide for the common defense, promote the general welfare. that's part of the constitution of the united states. so how we do that obviously can vary from time to time, generation
to make as to how we deal with the deficit. i think that when we lose $100 billion every single year because corporations stash their money in the cayman islands and in other tax havens, maybe we might want to ask them to start paying their fair share of taxes rather than cutting social security. but we have colleagues who are much more interested in the well-being and the profits of large corporations than they are in the needs of seniors. so those are some of my answers. mr. harkin: a couple...
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Apr 20, 2013
04/13
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we saw larger deficits, some of larger government. some of the discretionary spending cut and the democratic growth did cut the government's share of the private economy. we saw when even while reagan was in office when it came time to deal with the deficit that was something we ended up doing on democratic terms. with tax increases that began to wipe out the reagan tax cuts before he left office. and sharply curtailing when bush iv i was in office. that approach did not shrink the federal government. the next approach that was used was the theory of starve the beast. which contradicts the supply side. but we were in a slightly different place. instead of now we get the tax increase. we argue the tax cuts will reduce revenue. it will mean that the federal government has less money to spend and spend less. i think it's half right if you give the federal government more money it will find a way to spend it. the history of 2000s show it actually made growth of government seem like it was cost free. even taxation deferred than tennesseeed
we saw larger deficits, some of larger government. some of the discretionary spending cut and the democratic growth did cut the government's share of the private economy. we saw when even while reagan was in office when it came time to deal with the deficit that was something we ended up doing on democratic terms. with tax increases that began to wipe out the reagan tax cuts before he left office. and sharply curtailing when bush iv i was in office. that approach did not shrink the federal...
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Apr 24, 2013
04/13
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we are wrestling with this larges budget deficit. we know that there are management challenges and when you say o.m.b., it is office of management and budget. who is confirmed in this position is expected to ride herd, to oversee a group of team, a good team, that will focus on budget, thousand continue to rein in our budget deficit and bring it back to a more sustainable fiscal position for us and what is do we need to do on the management side to help hastening that day? we have across the federal government in this administration -- we had it in the bush administration, the last bush administration as well -- something i call executive branch swiss cheese. we've too many positions, senior positions in this administration. we had a uminfor number of theme last position. in some cases the administration has not vetted, nominated, and submitted names us to. in some conveyings we're not moving them very quickly thuns they have. there is a shared responsibility here. the administration -- in this case we haven't had a confirmed directo
we are wrestling with this larges budget deficit. we know that there are management challenges and when you say o.m.b., it is office of management and budget. who is confirmed in this position is expected to ride herd, to oversee a group of team, a good team, that will focus on budget, thousand continue to rein in our budget deficit and bring it back to a more sustainable fiscal position for us and what is do we need to do on the management side to help hastening that day? we have across the...
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Apr 24, 2013
04/13
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together with the deficit reduction enacted last congress, the senate budget would reduce the deficit by $4.3 trillion. through a nearly two to one mix of spending cuts and revenue, two parts spending cuts to one part revenue. house republicans took a very different approach with their budget, making only cuts, drastic cuts to education, to law enforcement, to medical research, even ending medicare as we know it for future retirees. the house budget derives its deficit reduction from cuts that primarily hurt low-income and middle-class americans while refusing to touch a single tax give-away to wealthy and well-connected special interests. senate democrats took a middle course. house republicans produced an extremist tea party wish list. in his own budget plan, president obama included some smart provisions like investments in infrastructure and the buffett rule for tax fairness. and i respect the president's outreach to a compromise with republicans, but i cannot support the cuts to social security benefits in his plan. it is simply wrong to place the burden of deficit reduction on s
together with the deficit reduction enacted last congress, the senate budget would reduce the deficit by $4.3 trillion. through a nearly two to one mix of spending cuts and revenue, two parts spending cuts to one part revenue. house republicans took a very different approach with their budget, making only cuts, drastic cuts to education, to law enforcement, to medical research, even ending medicare as we know it for future retirees. the house budget derives its deficit reduction from cuts that...
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Apr 21, 2013
04/13
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it helps reduce the deficit in a balanced thomas sustainable way. theok forward to answering members questions about the budget. first i would really like to cover a few highlights. the affordable care act signed into law in march 2010 is already benefiting millions of americans. make sure we continue to implement a law. by supporting the creation of new health insurance marketplaces, the budget will ensure that starting next january, americans in every state will be able to get quality insurance at an affordable price. our budg also address another issue that has been on all of our minds recently. mental health services and the ongoing epidemic of gun violence. i know mr. chairman that the senate later today will deal with legislation around keeping dangerous individuals from .etting their hands on a gun as a secretary of health and a mother and a new grandmother, i hope that the senate gives serious consideration to that ,ommon sense legislation bipartisan legislation that could make this tragedy seen every day on streets across america less than
it helps reduce the deficit in a balanced thomas sustainable way. theok forward to answering members questions about the budget. first i would really like to cover a few highlights. the affordable care act signed into law in march 2010 is already benefiting millions of americans. make sure we continue to implement a law. by supporting the creation of new health insurance marketplaces, the budget will ensure that starting next january, americans in every state will be able to get quality...
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is presently struggling with a budget deficit the u.k. is saddled with an enormous deficit complete with negative economic growth none of those countries had anticipated that these economic ills would overlap in such a way that it would inflict such a severe downturn on them one could argue that it was economists who had failed to give us an early warning or that it was the regulators who had failed to account for all the risks or maybe and i think this is the case it was politicians who had allowed a boost in spending without securing revenues are driven as they often are by populist russia now as a result those economies were essentially living on credit i believe that one of the major precursors to the crisis has been exactly the fact that politicians oversaw an accumulation of debt fact when their economies were enjoying positive economic growth growth periods should normally be used to reduce debt when the crisis broke out those economies found themselves ridden with debt with no reserves to use as a safety cushion therefore i think
is presently struggling with a budget deficit the u.k. is saddled with an enormous deficit complete with negative economic growth none of those countries had anticipated that these economic ills would overlap in such a way that it would inflict such a severe downturn on them one could argue that it was economists who had failed to give us an early warning or that it was the regulators who had failed to account for all the risks or maybe and i think this is the case it was politicians who had...
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Apr 18, 2013
04/13
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as we tackle that deficit and debt. that said, when we had the payroll tax decreases during the deepest days of our recession, the government did obligate itself to make up for the shortfall in the payroll tax .evenues and yes, that will come from other funds, other taxpayer funds. host: this is "washington journal," and we have been talking with tammy baldwin on a first-term senator from wisconsin. please come back. guest: thank you. really appreciate it. host: the house is coming in at 10:00 a.m. we will open the phones. we have put a lot of topics on the table. we will take your phone calls on issues we have been discussing today. first, we will get this news update from c-span radio. >> 9:20 a.m. eastern time. the number of americans seeking unemployment benefits increased i 4000 last week to a seasonally adjusted 352,000. the level is consistent with solid hiring and suggests the job market should rebound this month after slowing sharply in march. the labor department says the four-week average, a less volatile mea
as we tackle that deficit and debt. that said, when we had the payroll tax decreases during the deepest days of our recession, the government did obligate itself to make up for the shortfall in the payroll tax .evenues and yes, that will come from other funds, other taxpayer funds. host: this is "washington journal," and we have been talking with tammy baldwin on a first-term senator from wisconsin. please come back. guest: thank you. really appreciate it. host: the house is coming in...
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Apr 17, 2013
04/13
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the administration said we reduced deficit by police $2.6. the president is responsible for all the policy enacted before when he was in office for the first two years. if you add back the money for the stimlis, the payroll tax holiday, the 24% increase in domestic spend. total deficit reduction when you net it out comes close to $5 billion. not the higher number. you have to add both sides. all of those savings have been signed to law. this is the second line on the chart. once you take out the baseline gains and add back nearly spending increase in the budget when the gimmick removed and spending counted. total deficit reduction comes to $1 19 billion. we see it as a disappointment. because it's a missed opportunity. we need a new floach washington to meet the most pressing challenges. that's what we are offering. we offer a plan to balance the budget in ten years which we think is a critical to growing a healthy economy. we extend opportunity for them. we guarantee we think we need to get back to work to repair the safety net there in a re
the administration said we reduced deficit by police $2.6. the president is responsible for all the policy enacted before when he was in office for the first two years. if you add back the money for the stimlis, the payroll tax holiday, the 24% increase in domestic spend. total deficit reduction when you net it out comes close to $5 billion. not the higher number. you have to add both sides. all of those savings have been signed to law. this is the second line on the chart. once you take out...
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Apr 24, 2013
04/13
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yesterday biggest show this government has reduced the deficit by a third. does the prime minister agree -- [inaudible] would risk of squandering this program? >> my honorable friend is absent the right. these are very tough times that we are operating in but we have got the deficit down by a third. to our 1.25 million extra private sector jobs and we've seen a record creation of new businesses in our country. the differences between the two parties is we believe in cutting our deficit. it is their official policy to put it up. if they did that it would be higher interest rates, more businesses going bust, harder times for homeowners. that is what labour offers. >> the government is right to prioritize the combating of sexual violence and conflicts under its chairmanship of the g8 but the prime minister would have more credibility on the subject if he didn't accept hundreds of thousands of pounds and private dinners at downing street for mr. dean taylor. mr. taylor's company has admitted dealings with a notorious serb war criminal who is indicted for and i q
yesterday biggest show this government has reduced the deficit by a third. does the prime minister agree -- [inaudible] would risk of squandering this program? >> my honorable friend is absent the right. these are very tough times that we are operating in but we have got the deficit down by a third. to our 1.25 million extra private sector jobs and we've seen a record creation of new businesses in our country. the differences between the two parties is we believe in cutting our deficit....
SFGTV2: San Francisco Government Television
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Apr 18, 2013
04/13
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the budget is the most eminent issue, and we do have a structural budget deficit in the city, so we need to deal, of course, with the short-term balancing our budget in a way that does not decimate city services that people rely on, but also to address our long- term structural budget deficit, and that means implementing some budget reforms. smooth out our budget process so it is not a boom/bust kind of budget. reforming our pension system and retiree health care system so that they are stable. we do a decent job providing low-income housing. we do a terrible job providing housing for low or middle class and middle-class people, people who are working and paying taxes that we need to have here for a functioning economy, so i am looking for ways to try to fund that, particularly for essential employees like teachers, nurses, first responders. projects coming up in the city like the renovation of dolores park, which is a once in 50 years opportunity to define what the park is and what changes we want to make to it. that will be a very significant projects. [inaudible] when was the last tim
the budget is the most eminent issue, and we do have a structural budget deficit in the city, so we need to deal, of course, with the short-term balancing our budget in a way that does not decimate city services that people rely on, but also to address our long- term structural budget deficit, and that means implementing some budget reforms. smooth out our budget process so it is not a boom/bust kind of budget. reforming our pension system and retiree health care system so that they are stable....
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the deficit is the outcome really what you should be targeting is is growth and you should be looking to to smooth out over this cycle to have some sort of a policy that allows you to have maximum plummet at all times and the deficit will be lower as a result of that if you have the appropriate tax policy let me let me jump in for a second because i understand you're saying that you've got three avenues to pursue and different countries would require different prescriptions unfortunately in these countries you have different lobbying groups and different ideologies all competing to get their ideology and their policies through they all think they have the best policy no reason to bring this up is because here in the u.k. margaret thatcher has died margaret thatcher there's a big margaret that there's a funeral there's a huge outpouring of emotion about margaret thatcher back in the seventy's when she assumed power she too had all these competing voices telling her what to do she took a survey very strong position for better or worse she took action so my question to you as a long term
the deficit is the outcome really what you should be targeting is is growth and you should be looking to to smooth out over this cycle to have some sort of a policy that allows you to have maximum plummet at all times and the deficit will be lower as a result of that if you have the appropriate tax policy let me let me jump in for a second because i understand you're saying that you've got three avenues to pursue and different countries would require different prescriptions unfortunately in...
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Apr 21, 2013
04/13
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the federal deficit is at more than $1 trillion. a senior director of the bipartisan policy center said the debt has been accumulating so much the economy is at high risk. >> our debt is a percentage of g.d.p. in the last 30 or 40 years it's been less than 40%. it's only in recent years we've seen a decline. we are in dangerous territory. >> debra sullivan of the bloomberg view blames the shell-shocked u.s. economy. >> they say it's continuing to expand because of job loss, causing more spending on aid programs. >> we had large deficits for four years because we have low revenues as people don't have jobs, or they're getting paid less. but also we have these mandatory spending programs which go on auto pilot. unemployment, food stamps, medicaid, they spend more when he economy is bad. >> i think that the underlying issue of the financial crisis have not been fixed at all. indeed there's no easy fix. >> there are fix to consider. >> if we want to lift the cloud of deficits hanging over our country, we won't solve the problem of fisca
the federal deficit is at more than $1 trillion. a senior director of the bipartisan policy center said the debt has been accumulating so much the economy is at high risk. >> our debt is a percentage of g.d.p. in the last 30 or 40 years it's been less than 40%. it's only in recent years we've seen a decline. we are in dangerous territory. >> debra sullivan of the bloomberg view blames the shell-shocked u.s. economy. >> they say it's continuing to expand because of job loss,...
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the deficit is the outcome really what you should be targeting is is growth and you should be looking to to smooth out over this cycle to have some sort of a policy that allows you to have maximum plummet at all times and the deficit will be lower as a result of that if you have the appropriate tax policy let me let me jump in for a second because i understand you're saying that you've got three avenues to pursue and different countries would require different prescriptions unfortunately in these countries you have different lobbying groups and different ideologies off competing to get their ideology and their policies through they all think they have the best policy the reason i bring this up is because here in the u.k. margaret thatcher has died margaret thatcher there's a big margaret that there's a funeral there's a huge outpouring of emotion about margaret thatcher back in the seventy's when she assumed power she too had all these competing voices telling her what to do she took a survey very strong position for better or worse she took action so my question to you as a long term
the deficit is the outcome really what you should be targeting is is growth and you should be looking to to smooth out over this cycle to have some sort of a policy that allows you to have maximum plummet at all times and the deficit will be lower as a result of that if you have the appropriate tax policy let me let me jump in for a second because i understand you're saying that you've got three avenues to pursue and different countries would require different prescriptions unfortunately in...
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Apr 21, 2013
04/13
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she was not in any way on the same level as president reagan when it came to deficits will take care of themselves if we cut taxes and growth will come in. idea that cutting taxes raises revenues and you do not have to worry about deficits, that was not what lady thatcher was at all. she was the grant them -- --ntham housewufe adding up she was much more cautious. helen, republican color. caller: i am from manchester, england. i frequently visit my relatives in england. you know, in the late 1970s early 1980s i was adding there for a little while and i would talk to my cousins. they really hated margaret thatcher because they felt that she was a direct threat to their own livelihood. they were very pro-union, very labour party and they believe thatcher was going to take away their jobs, their homes, their education. and i was there two years ago. speaking to the same cousins, they still hate thatcher. they blame her for all of england's economic woes, blame her for the breakup of the uk that is pending with scotland, if itey really feel that was not for the government, for socialism,
she was not in any way on the same level as president reagan when it came to deficits will take care of themselves if we cut taxes and growth will come in. idea that cutting taxes raises revenues and you do not have to worry about deficits, that was not what lady thatcher was at all. she was the grant them -- --ntham housewufe adding up she was much more cautious. helen, republican color. caller: i am from manchester, england. i frequently visit my relatives in england. you know, in the late...
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Apr 18, 2013
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as we tackle that deficit and . at said, when we hadpayroll tada deepesys of our rece the government did obligate itself to make up for the shortfall in the payroll tax revenues. and yes, that will come from other funds, other taxpayer funds. host: this is "washington journal," and we have been talking with tammy baldwin on a first-term senator from wisconsin. please come back. guest: thank you. really appreciate it. >> when the war began, congress came into session and july. it issued a statement that articulated the consensus war goals of the united states. it was very simple. very clear. the purpose of this war is to restore the union. to disrupt the social institutions of the south. and everybody knew what that meant. it meant not to disrupt slavery. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2013] >> saturday night at 8:00 eastern on c-span three. at the capitol today, cabinet secretaries and othersteng b qu, janet napolitano testified for a second
as we tackle that deficit and . at said, when we hadpayroll tada deepesys of our rece the government did obligate itself to make up for the shortfall in the payroll tax revenues. and yes, that will come from other funds, other taxpayer funds. host: this is "washington journal," and we have been talking with tammy baldwin on a first-term senator from wisconsin. please come back. guest: thank you. really appreciate it. >> when the war began, congress came into session and july. it...
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Apr 24, 2013
04/13
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year to year deficit is coming down. it gives opportunity to control the debt relative to the size of the economy and we have new economic growth numbers out a couple of days ago that show about a 3% gdp. that is good news. the economy is in recovery. we so have a ways to go and we should never give up on trying to improve the economy and reduce the deficit. host: rick larsen, democrat from washington, thank you, sir. guest: you're welcome. the: coming up next, headline is "big money, big money, talking about the economics of the mississippi river." [no audio] is that the public defenders job is that it is dependent on their approval. how faster the process cases? how quickly do they get to the docket gecko -- docket gecko -- docket? so they will want a public defender that does their bidding. in new orleans, for a long time, the system was at one public defender was assigned to one courtroom and the same judge. so they were always arguing before the same judge. the problem with that is that they were then kind of tradin
year to year deficit is coming down. it gives opportunity to control the debt relative to the size of the economy and we have new economic growth numbers out a couple of days ago that show about a 3% gdp. that is good news. the economy is in recovery. we so have a ways to go and we should never give up on trying to improve the economy and reduce the deficit. host: rick larsen, democrat from washington, thank you, sir. guest: you're welcome. the: coming up next, headline is "big money, big...
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Apr 21, 2013
04/13
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>> the deficit is the biggest problem we face. the deficit is not the biggest problem we face. the biggest problem is jobs and wages and getting back growth. >> for decades we have been told don't tax the upper class because the less tax they have the better it is for the middle class, true or false in. >> false. the idea that people at the top are the job creators belies -- the truth about the economy is the middle class they are the job creators because their spending creates jobs. >> so many people have been sold on this for years. >> i don't know why. trickle down economics. if you give more tax breaks to people at the top and companies at the top, you are going to create jobs has been proven over and over again to be false. >> amazing insight from robert rice. >> take a look at your hand. it's telling you something about your future. >> wheb you meet a ceo do you look at their fingers? >> i did. >> best selling author, bronson talks about the fascinatingfind. he talks about the length of your fingers. we are back in two minutes. >>> he's one of the most celebrated writers
>> the deficit is the biggest problem we face. the deficit is not the biggest problem we face. the biggest problem is jobs and wages and getting back growth. >> for decades we have been told don't tax the upper class because the less tax they have the better it is for the middle class, true or false in. >> false. the idea that people at the top are the job creators belies -- the truth about the economy is the middle class they are the job creators because their spending...
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Apr 24, 2013
04/13
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look, think, ed is right about the deficit, to gdp ratio. but i also think you have to square those numbers with the worst job growth of any expansion on record, meaning income falling, poverty going up, inequality through the roof. yet at the same time setting the stage for a very insufficient revenue base. >> all right. >> through the tax cuts. >> we have basically run out of time on this. i'd like to give you more. i want to wish you all the best of luck tomorrow in the opening of the library. i hope the president enjoys it. i know he has been pursuing a great art career as well. i hope everybody has a great time with all the expresidents. i'm larry kudlow. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies
look, think, ed is right about the deficit, to gdp ratio. but i also think you have to square those numbers with the worst job growth of any expansion on record, meaning income falling, poverty going up, inequality through the roof. yet at the same time setting the stage for a very insufficient revenue base. >> all right. >> through the tax cuts. >> we have basically run out of time on this. i'd like to give you more. i want to wish you all the best of luck tomorrow in the...
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Apr 23, 2013
04/13
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the eurozone's collective deficit decreased in 2012. its most financially strapped countries, including ireland, greece and italy, have trimmed or stabilized deficits, while more secure nations like germany have pulled back on spending. meanwhile, greece, ireland, italy and portugal each still have debt that is higher than a year of the country's economic output. general motors drives up sales in china. the car company sold one million cars in china faster than it ever has before. last year, it took until may 7th before gm sold its one millionth vehicle. the news comes during the shanghai auto show. there are more than one hundred automakers in china. sales growth is exploding, and american car companies are hoping to compete. singapore is a growing "money magnet" for the wealthy. a new report says singapore is on track to replace switzerland as the largest offshore wealth hub. switzerland has $2.8 trillion in assets. $2.1 trillion are from offshore. singapore has $550 billion in assets under management. nearly $450 billion are from off
the eurozone's collective deficit decreased in 2012. its most financially strapped countries, including ireland, greece and italy, have trimmed or stabilized deficits, while more secure nations like germany have pulled back on spending. meanwhile, greece, ireland, italy and portugal each still have debt that is higher than a year of the country's economic output. general motors drives up sales in china. the car company sold one million cars in china faster than it ever has before. last year, it...
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Apr 21, 2013
04/13
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deficits in perpetuity. the president looking for easy within on n control and has be pushing hard for krong to produce. the first major gun control legislation in two decades. but it's up clear what they can get through congress. they have a limit on magazine capacity have no chance of passage. the rest is purely window dressing on an issue that the country takes far more seriously than the president originally estimated. we will take it up tonight with senator ted cruz who emerged on the first year in washington as up with of his party's national leaders. the head of the national rifle association wayne lapierre joins us as well. other stories we're covering, north korean leader kim jong un taking the rhetoric to new highlights, issuing daily-threat against south korea. fox news military analyst and four-star jep jack keen ways -- general jack keen ways in. >> pat lea herby announcing he will hold a single hear, one hearing on the gang of eight reform legislation next wednesday. we don't know what is it or
deficits in perpetuity. the president looking for easy within on n control and has be pushing hard for krong to produce. the first major gun control legislation in two decades. but it's up clear what they can get through congress. they have a limit on magazine capacity have no chance of passage. the rest is purely window dressing on an issue that the country takes far more seriously than the president originally estimated. we will take it up tonight with senator ted cruz who emerged on the...
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Apr 24, 2013
04/13
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but with regards to deficits, adding to the deficit and the debt, this current budget being proposed by the president 40 ually -- deficit of $7 billion and still a big number about half of what it was in the depths of the great recession. it gives us an opportunity to control the debt relative to the size of the economy and we have new economic growth numbers out a couple of days ago that showed 3% g.d.p. that is good news. but the economy is in recovery and still have a ways to go and never give up on trying to improve the economy and reduce the deficit. host: thank you for talking to our viewers this morning. appreciate it. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> the f.b.i. briefed the house intelligence committee about the boston marathon bombings. intelligence committee member adam schiff joins us to discuss the terror attack in boston. congressman steve king on the boston bombing and efforts to change the nation's immigration laws and more about immigration and how refugees can gain asylum in the u.s. "w
but with regards to deficits, adding to the deficit and the debt, this current budget being proposed by the president 40 ually -- deficit of $7 billion and still a big number about half of what it was in the depths of the great recession. it gives us an opportunity to control the debt relative to the size of the economy and we have new economic growth numbers out a couple of days ago that showed 3% g.d.p. that is good news. but the economy is in recovery and still have a ways to go and never...
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is presently struggling with a budget deficit the u.k. is saddled with an enormous deficit complete with negative economic growth none of those countries had anticipated that these economic ills would overlap in such a way that it would inflict such a severe downturn on them one could argue that it was economists who had failed to give us an early warning or that it was the regulators who had failed to account for all the risks or maybe and i think this is the case it was politicians who had allowed a boost in spending without securing revenues are driven as they often are by populist russia now as a result those economies were essentially living on credit i believe that one of the major precursors to the crisis has been exactly the fact that politicians who oversaw an accumulation of debt back when their economies were enjoying positive economic growth growth periods should normally be used to reduce debt when the crisis broke out those economies found themselves ridden with debt with no reserves to use as a safety cushion therefore i th
is presently struggling with a budget deficit the u.k. is saddled with an enormous deficit complete with negative economic growth none of those countries had anticipated that these economic ills would overlap in such a way that it would inflict such a severe downturn on them one could argue that it was economists who had failed to give us an early warning or that it was the regulators who had failed to account for all the risks or maybe and i think this is the case it was politicians who had...
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Apr 18, 2013
04/13
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you raise the age gradually 27862 thirds of the social security deficit. fix the remaining by testing the benefits. the president has occasionally sad he's for entitlement reform, but is not shown much leadership on this premise seems to benchmark per se, but any with him at least a 47 republican senators, we sat around a table that he and the vice president a year and half ago and i told them i think we should give people on both sides to essentially fix social security. .. into the federal employee benefits plan, federal health insurance plans so i said this is a democrat idea, this will be easy. i be easy. i will just go to john kerry and say let's use your idea and a friedel country but for senior citizens and let everybody of the federal employee health plan. i think the public would like it if they are still getting the same health plan is their congressman is and should be eminently sellable. similar to what paul ryan talks about give everybody the federal health employment plan. it saves 1 trillion over 10 years and actually according to our projec
you raise the age gradually 27862 thirds of the social security deficit. fix the remaining by testing the benefits. the president has occasionally sad he's for entitlement reform, but is not shown much leadership on this premise seems to benchmark per se, but any with him at least a 47 republican senators, we sat around a table that he and the vice president a year and half ago and i told them i think we should give people on both sides to essentially fix social security. .. into the federal...
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Apr 24, 2013
04/13
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target, the government will not waste this time and try to keep the deficit under control. kelly, over to you. >> do you wear suits from -- >> sorry? no, it's not. >> good looking suit. joining us from madrid. we'll hear more about that on friday. i bring this up because luxury brands have been under pressure amid slower growth in china. there are reasons for companies to stay upbeat. >> it is it stylish, sleek and highly sought after. luxury goods the envy of fashionistas all around the world from the streets of milan to beijing, luxury fashion is still in demand. as europe remains in the doldrums and there are signs of slowing, it begs the question how much longer can it last? in sidney this week, an italian label believes there are growth opportunities in the world's second largest economy. >> i think that we were used to double digit growth and now we have to be ready for slower growth. i do believe there is growth to look for in china. we are in approximately 35 cities and there are at least double of the cities that we can go in the next couple of years. >> the compan
target, the government will not waste this time and try to keep the deficit under control. kelly, over to you. >> do you wear suits from -- >> sorry? no, it's not. >> good looking suit. joining us from madrid. we'll hear more about that on friday. i bring this up because luxury brands have been under pressure amid slower growth in china. there are reasons for companies to stay upbeat. >> it is it stylish, sleek and highly sought after. luxury goods the envy of...